BuzzFeed, Inc. (BZFD)
| Market Cap | 58.67M |
| Revenue (ttm) | 252.68M |
| Net Income (ttm) | -88.58M |
| Shares Out | 140.32M |
| EPS (ttm) | -0.42 |
| PE Ratio | n/a |
| Forward PE | 172.41 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 1,473,098 |
| Open | 0.395 |
| Previous Close | 0.395 |
| Day's Range | 0.381 - 0.430 |
| 52-Week Range | 0.161 - 0.800 |
| Beta | 3.11 |
| Analysts | Strong Buy |
| Price Target | 1.50 (+258.77%) |
| Earnings Date | May 13, 2024 |
About BZFD
BuzzFeed, Inc., a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content. It also provides display, programmatic, and video advertising on its owned and operated sites a... [Read more]
Financial Performance
In 2023, BuzzFeed's revenue was $252.68 million, a decrease of -26.24% compared to the previous year's $342.55 million. Losses were -$88.58 million, -55.92% less than in 2022.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for BZFD stock is "Strong Buy" and the 12-month stock price forecast is $1.5.
News
BuzzFeed, Inc. Announces 1-For-4 Reverse Stock Split
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced that its Board of Directors and shareholders approved a 1-for-4 reverse stock split of the company's Class A common stock, par ...
BuzzFeed, Inc. to Release First Quarter 2024 Financial Results on Monday, May 13, 2024
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (NASDAQ: BZFD) today announced plans to release first quarter 2024 financial results on Monday, May 13, 2024 after the market closes. BuzzFeed, Inc. Founder a...
From unicorns to near zero: RENT, Allbirds, Vroom, and BuzzFeed
Many companies that were once unicorns are struggling to survive as interest rates remain at an elevated level and as growth slows. Some former unicorns like WeWork, Hopin, Olive AI, and Convoy have a...
Up 86% in 2024, is BuzzFeed stock a good buy?
BuzzFeed (NASDAQ: BZFD) stock price is rising from the ashes. It has surged by more than 86% in 2023 and by over 190% from its lowest level in 2023.
Independent to take control of BuzzFeed and HuffPost in UK and Ireland
Media companies to combine publishing and advertising platforms to target gen Z and millennials
Britain's The Independent signs deal to take control of BuzzFeed UK
British media group The Independent will take control of BuzzFeed's editorial and commercial operations in the UK and Ireland in a multi-year licensing deal announced on Thursday.
The Independent and BuzzFeed Sign Long-Term License and Strategic Partnership in UK & Ireland
LONDON--(BUSINESS WIRE)--Independent Digital News and Media Ltd (“The Independent”) and BuzzFeed, Inc. (Nasdaq: BZFD) today announced they have entered into a multi-year license and strategic partners...
Buzzfeed ‘at an inflection point' after Q4 earnings
Buzzfeed Inc (NASDAQ: BZFD) says it remained in loss in its fourth financial quarter. Shares of the internet media company are slightly down in extended hours.
BuzzFeed, Inc. Makes Strategic & Organizational Changes to Improve Profitability After Challenging Q4 and Full Year 2023
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc.'s (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) fourth quarter and full year (ended December 31, 2023) financial results were in line with its revised outlook ...
HuffPost parent Buzzfeed lays off 16% of its workforce, sells Complex
HuffPost parent company Buzzfeed said Wednesday that it is slashing 16% of its workforce — the latest in a wave of layoffs by financially-strapped media companies — and will sell music and culture-foc...
BuzzFeed plans to lay off 16% of employees after selling Complex
Media group says it will be ‘more profitable, more nimble' after offloading Complex at a discount and implementing a restructure
BuzzFeed Sells Complex For $108 Million Cash Amid Restructuring, Layoffs
BuzzFeed is selling Complex to NTWRK for $108.6 million in cash plus $5.7 million for use of NYC office space, severance and other employee costs. It also announced a strategic restructuring including...
BuzzFeed shares rocket higher, after sale of Complex and plans to cut staff by 16%
Shares of BuzzFeed Inc. BZFD, -8.50% were up more than 90% after hours on Wednesday after the media company said it had sold off the pop-culture site Complex and would lay off 16% of its remaining sta...
BuzzFeed, Inc. Announces Sale of Complex to NTWRK in All-Cash Deal
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. Announces Sale of Complex to NTWRK in All-Cash Deal.
The Independent in talks to take control of BuzzFeed, HuffPost in UK - FT
British media group The Independent is in talks to take control of BuzzFeed and Huffington Post's operations in the UK and Ireland, the Financial Times reported on Thursday.
Vice's Refinery29 and BuzzFeed's Tasty Are Up for Sale as Digital Media Contracts
Latest sale discussions signal further struggles of once-hot digital media companies.
BuzzFeed president Marcela Martin to resign
BuzzFeed's Marcela Martin has announced her intention to resign as president effective Jan. 12 to pursue other opportunities, the digital media firm said on Friday.
BuzzFeed Studios And Acast Launch New Podcast, “I Know That's Right” Presented By HuffPost
NEW YORK--(BUSINESS WIRE)--BuzzFeed Studios And Acast Launch New Podcast, “I Know That's Right” Presented By HuffPost.
BuzzFeed, Inc. Announces Third Quarter 2023 Financial Results
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the wor...
As WeWork implodes, Allbirds, Mullen Automotive, BuzzFeed could be next
WeWork (NASDAQ: WE) stock price plunged by more than 51% on Wednesday after reports said that the company was nearing bankruptcy. The shares have already plunged by over 90% this year, giving it a mar...
BuzzFeed, Inc. Announces Chief Financial Officer Succession Plan
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD) today announced that its Chief Financial Officer, (“CFO”) Felicia DellaFortuna, will be leaving the company befor...
5 tech companies that moved from unicorns to penny stocks
The last decade was a boom period for technology startups, with some analysts comparing it with the dot com bubble. Buoyed by low-interest rates, venture capital firms invested in thousands of compani...
BuzzFeed stock: The sad transition from a unicorn to a penny stock
BuzzFeed (NASDAQ: BZFD) has had a dramatic collapse from a disruptor in the media space to a company on the verge of collapse. Its stock has crashed from an all-time high of $14.78 in December 2021 to...
BuzzFeed Studios And Acast Launch New Podcast, “Am I Doing It Wrong?” Presented By HuffPost
NEW YORK--(BUSINESS WIRE)--BuzzFeed Studios And Acast Launch New Podcast, “Am I Doing It Wrong?” Presented By HuffPost.
BuzzFeed, Inc. Announces Second Quarter 2023 Financial Results
NEW YORK--(BUSINESS WIRE)--BuzzFeed, Inc. (“BuzzFeed” or the “Company”) (Nasdaq: BZFD), a premier digital media company for the most diverse, most online, and most socially engaged generations the wor...